At december 31, 2018, monty corp. company had a credit balance of $19,700 in allowance for doubtful accounts. during 2019, monty corp. wrote off accounts totaling $11,800. one of those accounts ($2,100) was later collected. at december 31, 2019, an aging schedule indicated that the balance in allowance for doubtful accounts should be $25,200.
prepare journal entries to record the 2017 transactions of finzelberg company.
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Business, 22.06.2019 10:50
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Business, 22.06.2019 20:40
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Answers: 3
Business, 22.06.2019 20:40
Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease
Answers: 1
At december 31, 2018, monty corp. company had a credit balance of $19,700 in allowance for doubtful...
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